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Integrated Investment Appraisal of a Cogeneration Electricity Project Agreement with Global Environment Externalities

Author

Listed:
  • Glenn P. Jenkins

    (Queen’s University, Canada and Eastern Mediterranean University, North Cyprus)

  • D.N.S. Dhakal

    (Duke Center for International Development, Duke University, USA)

Abstract

This paper reports on integrated investment appraisal of cogeneration electricity project that uses the waste heat from a steel manufacturing factory to power this thermal electricity generation plant. It examines how an independent power producer, a large steel manufacturing, a dedicated consumer of electricity and a state electricity board, through a series of contractual agreements, managed to facilitate the investment in a 260 megawatt (MW) dual fuel-based thermal power project in the state of Karnataka, India. Since the early 1990’s, India has attempted to expand its power generation capacity by foreign investors to participate in build, own, and operate power projects. This paper reports on an integrated investment appraisal of the project.

Suggested Citation

  • Glenn P. Jenkins & D.N.S. Dhakal, 2003. "Integrated Investment Appraisal of a Cogeneration Electricity Project Agreement with Global Environment Externalities," Development Discussion Papers 2003-01, JDI Executive Programs.
    • Handle: RePEc:qed:dpaper:262
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    References listed on IDEAS

    as
    1. Dale W. Jorgenson, 1998. "Growth, Volume 2: Energy, the Environment, and Economic Growth," MIT Press Books, The MIT Press, edition 1, volume 2, number 0262100746, December.
    2. Glenn Jenkins & D.N.S. DHAKAL, 1991. "International Trade In Energy: The Chukha Hydro-Electric Project In Bhutan," Development Discussion Papers 1990-01, JDI Executive Programs.
    3. Glenn Jenkins & Chun-Yan Kuo, 1998. "Estimation Of The National Parameters For Economic Cost-Benfit Analysis For The Philippines," Development Discussion Papers 1998-04, JDI Executive Programs.
    4. Glenn Jenkins & Henry Lim, 1999. "An Integrated Analysis of a Power Purchase Agreement," Development Discussion Papers 1999-08, JDI Executive Programs.
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    More about this item

    Keywords

    Cogeneration; independent power producer; integrated investment appraisal; India;
    All these keywords.

    JEL classification:

    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate

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